South Jersey Industries Inc (SJI) Stake Lifted by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can raised its position in South Jersey Industries Inc (NYSE:SJI) by 7.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 118,124 shares of the utilities provider’s stock after purchasing an additional 8,400 shares during the period. Great West Life Assurance Co. Can’s holdings in South Jersey Industries were worth $3,031,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. lifted its position in shares of South Jersey Industries by 3.2% during the 4th quarter. BlackRock Inc. now owns 12,765,638 shares of the utilities provider’s stock valued at $354,886,000 after acquiring an additional 399,375 shares during the period. Vanguard Group Inc. lifted its position in shares of South Jersey Industries by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 8,968,032 shares of the utilities provider’s stock valued at $316,303,000 after acquiring an additional 113,591 shares during the period. Vanguard Group Inc lifted its position in shares of South Jersey Industries by 1.3% during the 3rd quarter. Vanguard Group Inc now owns 8,968,032 shares of the utilities provider’s stock valued at $316,303,000 after acquiring an additional 113,591 shares during the period. Macquarie Group Ltd. lifted its position in shares of South Jersey Industries by 24.1% during the 3rd quarter. Macquarie Group Ltd. now owns 2,276,089 shares of the utilities provider’s stock valued at $80,278,000 after acquiring an additional 441,998 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of South Jersey Industries by 4.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,882,346 shares of the utilities provider’s stock valued at $52,330,000 after acquiring an additional 88,381 shares during the period. Hedge funds and other institutional investors own 78.43% of the company’s stock.

SJI opened at $31.06 on Wednesday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.38 and a current ratio of 0.42. South Jersey Industries Inc has a 1-year low of $26.06 and a 1-year high of $36.72. The firm has a market cap of $2.86 billion, a price-to-earnings ratio of 25.25, a price-to-earnings-growth ratio of 4.68 and a beta of 0.76.

South Jersey Industries (NYSE:SJI) last released its quarterly earnings data on Wednesday, February 27th. The utilities provider reported $0.39 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.02). South Jersey Industries had a return on equity of 10.13% and a net margin of 1.08%. On average, equities research analysts anticipate that South Jersey Industries Inc will post 1.53 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 2nd. Shareholders of record on Monday, March 18th will be issued a dividend of $0.2875 per share. The ex-dividend date of this dividend is Friday, March 15th. This represents a $1.15 annualized dividend and a yield of 3.70%. South Jersey Industries’s payout ratio is 93.50%.

A number of research analysts recently issued reports on the stock. ValuEngine downgraded shares of South Jersey Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. Zacks Investment Research upgraded shares of South Jersey Industries from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 14th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. South Jersey Industries presently has a consensus rating of “Hold” and an average target price of $33.83.

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South Jersey Industries Company Profile

South Jersey Industries, Inc, through its subsidiaries, provides energy-related products and services. The company engages in the purchase, transmission, and sale of natural gas. It also sells natural gas and pipeline transportation capacity on a wholesale basis to residential, commercial, and industrial customers on the interstate pipeline system, as well as transports natural gas, which is purchased directly from producers or suppliers to their customers.

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Institutional Ownership by Quarter for South Jersey Industries (NYSE:SJI)

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